HP Files Lawsuit Against Display Makers for Price-Fixing
December 5, 2012 8:19 AM
comment(s) - last by
HP is seeking unspecified damages
Computer maker HP has filed suit against Chunghwa Picture Tubes and Tatung Company of America seeking to recover damages because of LCD price-fixing. Both of those companies are subsidiaries of Tatung Company, a consumer electronics maker from Taiwan.
In November of 2008, the companies pled guilty to participating in a conspiracy with other major LCD display manufacturers to set fixed pricing for TFT-LCD panels at predetermined levels. The company had agreed to pay a $65 million fine for its part in the conspiracy.
"HP has filed suit against Chungwha Picture Tubes, Ltd. and its subsidiary Tatung Company of America, Inc., in a California court to recover damages the company suffered as a result of the defendant's admitted participation in a TFT-LCD price fixing scheme from 1996-2006," HP's vice president of corporate communications, Howard Clabo, said Tuesday via email.
"HP has suffered significant damages as a result of the price-fixing conspiracy in which Chungwha has admitted it participated," Clabo said.
HP reportedly tried to settle the case out of court, but negotiations failed. Clabo says that after negotiations failed taking the matter to court was HP's only option.
HP is currently in a bit of financial turmoil and is looking for ways to improve its bottom line. HP recently racked up an
$8.8 billion write-down
on its purchase of software firm Autonomy.
The massive write-down led to HP reporting a $6.9 billion loss in Q4. HP alleges that the giant write-down was the result of "serious accounting improprieties" at
This article is over a month old, voting and posting comments is disabled
RE: Sue Sue Sue...
12/5/2012 4:00:58 PM
Oh please. The suit from DoJ already punishes the LCD makers for screwing the consumers over. HP doing this again is them trying to get some money back for itself, and nothing more. This has nothing to do with "standing up for the consumer".
"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain
Ex-Autonomy Owner Blast HP's Accusations
November 26, 2012, 12:43 PM
HP Posts Horrific Guidance, Will Take $8.8B USD Hit on "Improprieties"
November 20, 2012, 9:27 AM
Man Who Shot Father for Texting During Movie Previews Was Also Texting
March 14, 2014, 2:25 PM
Sony's PS4 Outsells Microsoft's Xbox One for February
March 14, 2014, 12:36 PM
Skrillex Releases Free Album Inside App, But Crashes Torture Fans
March 13, 2014, 8:04 PM
Microsoft Waives Windows Phone OS Licensing Fees for Two Hardware Makers in India
March 13, 2014, 1:07 PM
Huawei Says Windows Phone is "Low Priority", Relegates It to Dual OS
March 13, 2014, 11:21 AM
$1,200 Nikon 1 V3 Mirrorless Camera Offers 120fps Slow Motion Capture
March 13, 2014, 9:04 AM
Most Popular Articles
Bitcoin King Pt. II: Mt. Gox's Dictator Karpelès Proves Tragically Flawed
March 7, 2014, 1:12 PM
Hack Reveals Fallen Bitcoin CEO's Posh Tokyo Penthouse
March 10, 2014, 4:28 PM
Tesla Motors Calls New Jersey Out on New Rule Against Its Direct Sales Model
March 11, 2014, 12:01 PM
NASA Considering SpaceX "Red Dragon" for Returning Mars Samples to Earth
March 10, 2014, 2:43 PM
India Could Rock Google With Its Biggest Antitrust Fine Yet -- $5B USD
March 10, 2014, 8:12 PM
Latest Blog Posts
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
Global Cyber Espionage Concerns Reveal Growing Cyber Armies
Nov 29, 2013, 11:04 AM
Is The Period Becoming an Expression of Anger?
Nov 26, 2013, 2:02 PM
NSA and Congress -- You Will Never Kill the Constitution, It's an Idea
Nov 10, 2013, 2:00 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information